Nuvalent Inc’s filing revealed that its Director Flynn James E unloaded Company’s shares for reported $195.5 million on Oct 22 ’24. In the deal valued at $97.75 per share,2,000,000 shares were sold. As a result of this transaction, Flynn James E now holds 8,670,512 shares worth roughly $803.67 million.
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Then, Deerfield Healthcare Innovatio bought 1,000,000 shares, generating $101,160,000 in total proceeds.
Before that, Deerfield Private Design Fund bought 1,000,000 shares. Nuvalent Inc shares valued at $101,160,000 were divested by the Stockholder at a price of $101.16 per share.
UBS initiated its Nuvalent Inc [NUVL] rating to a Neutral in a research note published on October 24, 2024; the price target was $100. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in late August with a ‘”an Overweight”‘ rating. Jefferies began covering NUVL with “Buy” recommendation on April 17, 2024. Leerink Partners revised its rating on April 01, 2024. It rated NUVL as “an Outperform” which previously was an “a Market perform”.
Price Performance Review of NUVL
On Monday, Nuvalent Inc [NASDAQ:NUVL] saw its stock jump 2.19% to $92.69. Over the last five days, the stock has lost -8.38%. Nuvalent Inc shares have risen nearly 25.95% since the year began. Nevertheless, the stocks have risen 71.81% over the past one year. While a 52-week high of $113.51 was reached on 09/16/24, a 52-week low of $49.02 was recorded on 04/19/24. SMA at 50 days reached $95.05, while 200 days put it at $80.37.
Levels Of Support And Resistance For NUVL Stock
The 24-hour chart illustrates a support level at 90.81, which if violated will result in even more drops to 88.93. On the upside, there is a resistance level at 94.02. A further resistance level may holdings at 95.36. The Relative Strength Index (RSI) on the 14-day chart is 40.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.34%. Stochastics %K at 10.23% indicates the stock is a buying.
How much short interest is there in Nuvalent Inc?
A steep rise in short interest was recorded in Nuvalent Inc stocks on 2024-10-15, dropping by -1.21 million shares to a total of 5.2 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 6.41 million shares. There was a decline of -23.34%, which implies that there is a negative sentiment for the stock.
